Exit from the overseas financial business and shift in investment to ES models
First written in FY2023-Q3. 2 of 4 entries say "Advanced", first in FY2025-H1. Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025AdvancedAnnual report
「As a new growth strategy, we have established the “ES model” and intend to accelerate growth by concentrating investment in the small-appliance recycling business (E) and the social care business (S). Under this policy, we have already decided to exit the vehicle sales finance business in Cambodia and have been reviewing our strategy for exiting peripheral businesses, including the leasing and microinsurance businesses.」
Our exit from the overseas financial services business and concentrated investment in reuse, recycling and social care are progressing through specific share transfers, including those of RJI and RJC. - FY2025-H1AdvancedAnnual report
「As a new growth strategy, we have established the “ES model” and intend to accelerate growth by concentrating investment in the small-appliance recycling business (E) and the social care business (S). Under this policy, we have already decided to exit the vehicle sales finance business in Cambodia and have been reviewing our strategy for exiting peripheral businesses, including the leasing and microinsurance businesses.」
To concentrate investment in the ES model, we advanced our exit from the microinsurance and vehicle sales finance businesses through the transfers of RJI and RJC. Our policy of exiting the overseas financial services business is progressing through specific share transfers. - FY2024-Q1Uncertainty regarding the impact of the transferAnnual report
「The share transfer is currently undergoing the approval process following an application to the National Bank of Cambodia. However, the impact of fictitious loans at Chamroeun on this share transfer is currently undetermined and is being discussed with Gojou and others.」
The agreement to transfer all shares of Chamroeun is undergoing the approval process, while the impact of fictitious loans on the transfer remains under discussion and has not been determined. - FY2023-Q3First statedAnnual report
「Upon completion of this transaction, more than 60% of our consolidated balance sheet is expected to be compressed. We will consider making proactive investments to expand and advance our “ES model,” our future growth strategy, by leveraging the resulting capacity for improvement.」
Based on our policy of exiting the overseas financial services business, we have entered into an agreement to transfer all shares of the microfinance business. The transaction is subject to approval and authorization by the relevant authorities and is expected to take several months to complete. The company states that, after reducing its consolidated balance sheet by more than 60%, it will consider investing in the ES model.